Actuarial Models

3 credits · Undergraduate

Probabilistic analysis of insurance. Single-life models, including time-value of benefits, life annuities, premiums, and benefit reserves: Multiple-decrement models; Multiple-life models. Probabilistic topics: Markov chains and Poisson processes. Prerequisite: 3650 and either 2810, 2820 or 3640. [3] (MNS)